+ Security:

The ideal wallet should be convenient for the accessing and trading funds, but more importantly, it should keep your tokens secure.

The OCB Blockchain wallet security tab makes sure your defenses are bolstered up to prevent any potential threats or hacks.

+ Wallet structure

Three wallets co-exist within the centralized exchange.

The first wallet is the main wallet where user’s funds are deposited and withdrawn. It can hold both fiat and digital currencies. Funds in this wallet can be moved to the sub-wallets in the exchange structure. Whenever a user would like to trade, funds are automatically moved to the non-margin or to the margin wallet.

The non-margin wallet only allows exchange of crypto, tokens, assets, and stocks with a 1:1 leverage ratio. An exchange consists of directly transferring the ownership of an asset for another one. The majority of the funds held in this wallet are secured in cold storage.

The margin wallet allows for the margin trading of digital assets and traditional products such as Forex. A margin trade consists of depositing funds as margin to gain access to a loan – the leverage.

The deposit can be done in fiat or any asset and will be locked in a multisignature escrow to generate a collateral credit utilized for trading.

Conversation skills interface:

• The name OCB was inspired by a different key component which will help empower users and simplify the interaction with technology framework.
• This key component is an AI with conversation skills.
• The AI will also provide a new way to interact with the software and reach any features, data, applications, or assets.
• The AI will be the main point of interaction within the software and will be used to navigate within the apps, learn about features, get price quotes, ask questions, etc.
• As a user continues to interact with the software the AI will learn from the users habits and will automatically display shortcuts toward the most used features within the application.
• The AI will further simplify the user experience through writing or voice requests.
• For example, writing “send 20 Euros worth of BTC to @adam” will pre-configure the wallet to send 20 Euros in Bitcoins to the contact Adam.
• Saying “ETHUSD H4” will open a ETH/USD chart with a H4 time frame. “BTC” will provide data about the price or will suggest opening a chart or a wallet.
• The AI will be able to help and guide users initially by simplifying the setup of an account and will continue to help users by assisting with various commands and monitoring user’s activities for mistakes such as entering a non-existing, non-active or wrong address.
• The AI can also be requested to monitor and analyze the risk and exposure of user’s portfolio and so on.

Easy purchase, transfer and exchange of assets:

• The interfaces of the OCB platform and wallet have been designed to facilitate the exchange, buying or selling of any assets in the system without the need for a complex or traditional process. Buying a fraction of Bitcoin or apple with fiat or any other funding source would take few seconds.
• The same will also be true for the rebalancing of one’s portfolio allocation. This type of user interface will greatly ease the transfer of value and assets. Future iterations will even allow users to seamlessly send Bitcoins to an Ethereum address; or to a contact’s a phone number or an email address even if this person does not have OCB account.

Mobile application OCB Wallet:

• Users of OCB Wallet will have the possibility to manage their asset portfolio or to buy, sell, exchange and transfer assets with ease. The application will also provide easy access to collateral credit, and be capable of making a payment with the use of the OCB debit card or the NFC features of their Smartphone.
• Funds protection: When users delegate the security of their funds to the OCB Exchanges or other 3rd party partners, these funds will generally be stored in multiple multi-signature cold storage wallets located in different locations and secured by different regulated teams.
• Users account protection: While OCB will do all that is possible to ensure the highest level of security against external threats, it is clear that just merely complying with existing financial regulations or industry “Best Practices” such as providing multi-factor login, IP or device monitoring, is woefully inadequate when it comes to fully protecting clients.

So what OCB Blockchain can do with payment card?

OCB Blockchain will link and integrate extensively with partners who are retail chain owners and work closely with the bank to have the best, safest and most convenient payment system.

OCB Vituarl Visa Card

A OCB VISA virtual card will be added to Apple Pay/Google Pay by default and can be used to pay in any NFC location where a VISA card and Apple/Google/Samsung Pay is accepted.

As NFC payment requires verification by fingerprint or passcode, this adds an extra layer ofsecurity over the common contactless card payment.

Furthermore, if the user chooses to pay with a major cryptocurrency such as BTC, ETH or OCB Coin, OCB will be able to process the payment via the OCB App and the NFC payment app directly.

OCB Payment Gateway

OCB Gateway API, which is an open-source API and available in GitHub, will let anyone create his or her own payment gate within the OCB Fiat Ecosystem and run on OCB Blockchain.

This implies that all online websites can now techically accept cryptocurrency by simply using the OCB Payment Gateway API.